Highland Capital Management LLC Trims Stock Holdings in SAP SE (NYSE:SAP)

Highland Capital Management LLC decreased its holdings in shares of SAP SE (NYSE:SAP) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,750 shares of the software maker’s stock after selling 2,650 shares during the quarter. Highland Capital Management LLC’s holdings in SAP were worth $4,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the period. Stifel Financial Corp raised its position in shares of SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in SAP in the third quarter valued at $40,573,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Finally, Barclays increased their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $290.40.

SAP Stock Up 1.1 %

SAP stock opened at $276.87 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $251.29 and a two-hundred day moving average price of $231.70. The company has a market cap of $340.13 billion, a price-to-earnings ratio of 110.75, a P/E/G ratio of 3.89 and a beta of 1.22. SAP SE has a twelve month low of $173.05 and a twelve month high of $279.14.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Analysts anticipate that SAP SE will post 4.64 EPS for the current fiscal year.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.